Saturday, August 16, 2014

Back to the Grind

The Market Trend Model (http://bitly.com/M_Trend_Model) flipped to the positive during the week with the major indices starting new uptrends on the shorter daily time frame. On the weekly time frame, only the Nasdaq-100 is showing a positive bias.

It looks a lot like the bears have failed yet again to really push this market into a true correction.  If history is any guide, it would appear the grinder market has returned and higher prices are on the horizon.